Bitcoin Trading Halted For Next 10 Hours After Massive Sell-Offhttp://www.businessinsider.com/mt-gox-halts-bitcoin-trading-2013-4/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 23:22:54 -0400Matthew Boeslerhttp://www.businessinsider.com/c/51675dc8ecad04b841000003nlosborneThu, 11 Apr 2013 21:05:12 -0400http://www.businessinsider.com/c/51675dc8ecad04b841000003
What is Bitcoin??? You keep talking about it, but honestly I am clueless as to what it is. I guess it isn't very important!http://www.businessinsider.com/c/51672db46bb3f7555d000003Clyde SmithThu, 11 Apr 2013 17:40:04 -0400http://www.businessinsider.com/c/51672db46bb3f7555d000003
Funny... heard businessinsider was responsible for many ddos attacks of late.http://www.businessinsider.com/c/516712afecad049c33000013AdamMKEThu, 11 Apr 2013 15:44:47 -0400http://www.businessinsider.com/c/516712afecad049c33000013
Interestingly, the Bid was > Ask for some time on bitstampUSD, but it seems to have corrected itself now.http://www.businessinsider.com/c/51670e376bb3f72122000001jordanjerry945Thu, 11 Apr 2013 15:25:43 -0400http://www.businessinsider.com/c/51670e376bb3f72122000001
what Glenn explained I am in shock that any body able to earn $9315 in one month on the internet. have you seen this page and go to home tab for more detail--->>> big76.ℂℴmhttp://www.businessinsider.com/c/51670c4469bedd1973000017Doug in VirginiaThu, 11 Apr 2013 15:17:24 -0400http://www.businessinsider.com/c/51670c4469bedd1973000017
Duh. To short something, you need to borrow it from someone that has it.http://www.businessinsider.com/c/51670ac2eab8eaf21000000badegiulioThu, 11 Apr 2013 15:10:58 -0400http://www.businessinsider.com/c/51670ac2eab8eaf21000000b
The government can't shut down all the exchanges, because you can still do business outside of those exchanges. There are limitless ways to exchange BTChttp://www.businessinsider.com/c/51670a2769bedd247300000aJamesThu, 11 Apr 2013 15:08:23 -0400http://www.businessinsider.com/c/51670a2769bedd247300000a
Prepare for the circus that is the SEC investigation in the coming weeks.http://www.businessinsider.com/c/516709bc6bb3f7081700001610bThu, 11 Apr 2013 15:06:36 -0400http://www.businessinsider.com/c/516709bc6bb3f70817000016
My apologies, should have read " the Government is going to allow..."
If this is the carnage from one exchange having technical problems, what will happen to the price when they are all shut down simultaneously?http://www.businessinsider.com/c/5167089fecad04da20000010And what?Thu, 11 Apr 2013 15:01:51 -0400http://www.businessinsider.com/c/5167089fecad04da20000010
Ok, Mr. Ponzi Fanboy. Why did Mt. Gox claim that they needed a "cooldown" after the drop? Is it a currency or a stock? If it's a currency then there should be ZERO floor under prices. It trades wherever it trades.
This whole situation STINKS. It makes the whole Bitcoin story smell completely false.
Short this pig. It's now PROVEN to not be a currency, and to have exchanges interested in valuation.
It's done. Goodbye. It was never cool.http://www.businessinsider.com/c/516708176bb3f7ce14000011I thought it was a currency?Thu, 11 Apr 2013 14:59:35 -0400http://www.businessinsider.com/c/516708176bb3f7ce14000011
What's this "halted because of a drop" nonsense? It's a currency not a stock. If it's a currency then it should trade 24/7. This is proof-positive that this is NOT a currency.http://www.businessinsider.com/c/51670700ecad043c1800001brammstiemThu, 11 Apr 2013 14:54:56 -0400http://www.businessinsider.com/c/51670700ecad043c1800001b
Sweet i hope it goes down to twenty and ill buy a snitload.....http://www.businessinsider.com/c/51670663eab8eaaa7f00001cGoldman B.Thu, 11 Apr 2013 14:52:19 -0400http://www.businessinsider.com/c/51670663eab8eaaa7f00001c
The "trade halt" is just on the Mt.Gox exchange. Bitstamp, for example, is working just fine ... the current Bitcoin pricing there is in the $50 range. Oh dear. :).http://www.businessinsider.com/c/51670598ecad04f81700001eSatoshiThu, 11 Apr 2013 14:48:56 -0400http://www.businessinsider.com/c/51670598ecad04f81700001e
Bitcoin @ Bitstamp: 50.01 USD
muahahahhaahaaaaaahttp://www.businessinsider.com/c/516703c769bedd9a64000002HmmThu, 11 Apr 2013 14:41:11 -0400http://www.businessinsider.com/c/516703c769bedd9a64000002
Just to be clear, the "government" didn't shut down Mt. Gox, unless of course you believe that the DDoS is being caused directly by intervention from one of the World's governments.http://www.businessinsider.com/c/51670083eab8ea4877000007jerimy123Thu, 11 Apr 2013 14:27:15 -0400http://www.businessinsider.com/c/51670083eab8ea4877000007
Oh wait..Bitcoin was a scam?
Litecoin here I come!http://www.businessinsider.com/c/5166fcf3ecad04cc0a000007TrippsThu, 11 Apr 2013 14:12:03 -0400http://www.businessinsider.com/c/5166fcf3ecad04cc0a000007
Dam right
They halt it because they are trapped long and know its going much lowerhttp://www.businessinsider.com/c/5166fb1269beddfb4f00000eTrippsThu, 11 Apr 2013 14:04:02 -0400http://www.businessinsider.com/c/5166fb1269beddfb4f00000e
100% a inside pump
Loads pumping as they cornered market to dump on newbies and libertarian scumhttp://www.businessinsider.com/c/5166fa0c69bedd514d000001TrippsThu, 11 Apr 2013 13:59:40 -0400http://www.businessinsider.com/c/5166fa0c69bedd514d000001
Needs to crash to single digits and base and build trust
This scam is going down for weekshttp://www.businessinsider.com/c/5166f9ea69bedd984a000003Dean WormerThu, 11 Apr 2013 13:59:06 -0400http://www.businessinsider.com/c/5166f9ea69bedd984a000003
Where shall we begin. Webvan, pets.com, xoom, covad, cgmi, excite, facebook or perhaps you were in high school then so this is not making any sense.http://www.businessinsider.com/c/5166f7476bb3f74e7200001610bThu, 11 Apr 2013 13:47:51 -0400http://www.businessinsider.com/c/5166f7476bb3f74e72000016
This is the whole reason BTC will never survive. Sure the government can't stop people from using Bitcoins for goods between each other or small businesses for that matter. But they can shut down any and all of the Exchanges where those same people convert into currency for day to day life. Furthermore, if any of these Bitcoinites had the slightest inclination that the Government was going to allow people and businesses to conduct these transactions that are impossible to audit for tax purposes, you truly are delusional.http://www.businessinsider.com/c/5166f6caecad04307a000022Jack BurtonThu, 11 Apr 2013 13:45:46 -0400http://www.businessinsider.com/c/5166f6caecad04307a000022
10b, Great post. Nice to see someone talking real sense on here! Sure, I use Bitcoin, and I smelled this coming all the way up. I did not speculate, I did not even allow Bitcoin to sit in my wallet for more than a couple hours. I bought, and I transferred to my vendor as fast as I could. I did not want coin in my wallet when the dump came.
You are right, this was absolute CLASSIC pump and dump. When the media starts hyping a bubble that came out of nowhere and ordinary folks began to talk about what percentage of their savings should be put into Bitcoin as a hedge? Jesus, a blind and deaf man could smell the "pump and dump" was all over this trade.http://www.businessinsider.com/c/5166f489ecad04cc75000025Jack BurtonThu, 11 Apr 2013 13:36:09 -0400http://www.businessinsider.com/c/5166f489ecad04cc75000025
To be honest, I own some Bitcoin, I use Bitcoin for internet business, I have used Bitcoin for over a year. I buy and spend the currency perhaps 1-2 times a week, I do NOT speculate in it, but spend it right after I get it into my wallet, in order to lock the price I hope to get my goods or services for. So I have a dog in this hunt.
Now, trading is halted to let the market cool down after the drop yesterday. My comment: "Here we go again! Nobody halted this trading when the thing took off like a rocket ship the last couple weeks. Us users were handcuffed by the speculation and business became harder and harder to do as no one knew what the sale price really was for an internet sale of goods or services. It was near impossible, a market where the currency is unable to value is no market place at all. The speculators drove prices to Insane levels, INSANE! Nobody stopped this or cooled it down. NOW, that it is dropping back towards a real valuation, the trading is HALTED! Why? To once again save the damn speculators asses!"
Again and again markets in anything the big boys are speculating in are allowed to rise like a rocket, the minute the market tries to price in reality, "Price determination", somebody halts trading to prevent the drop off. This then is NOT a market, it is a fixed, rigged, corrupt scheme to make the big traders wealthy and prevent their speculations from going sour.
This ain't a free market, this ain't capitalism. Crony, corrupt, rigged theft is what it is. The rich, the elites and the market makers who are up to their lips in corruption game the system to skim wealth.
I can guarantee you that most of the profits from Bitcoin speculation have come out of users hides. We buy and sell in Bitcoin, now every transaction is taxed by speculation, Okay, then they must accept the downside risk. Oh, hell NO! Not them, skim the wealth and then shut the market when they stand to lose their ill gotten gains. America is corrupt. Anyone saying this is a free market is a liar, a banker or a speculator. Now they are destroying Bitcoin users to skim more money from honest workers and traders. Every last business action in America is subject to the speculators skimming machine, backed by governments and central banks!
"Stopped trading to allow the market to cool down after yesterdays drop" When will trading be stopped to let the market cool down after days of price manipulation, jacking and pumping in order to skim wealth? NEVER. Upside, free to trade. Downside, halt trading. I call bullshit on capitalism, this is a joke. You are not capitalists, you are crony crooks with government and market makers in your pockets.http://www.businessinsider.com/c/5166f3cbecad04af77000012Bernie M.Thu, 11 Apr 2013 13:32:59 -0400http://www.businessinsider.com/c/5166f3cbecad04af77000012
You can say that again.http://www.businessinsider.com/c/5166f321ecad04d37700000aMr. DickmanThu, 11 Apr 2013 13:30:09 -0400http://www.businessinsider.com/c/5166f321ecad04d37700000a
I've heard of a new coin better than Bitcoin. Here's how to mine it: when you receive an email that says, "GROW YOUR MEMBER 6 INCHES LARGER!!", click on that. Go to the link in the email, at the website you will see a gold coin, just click on it and it will be added to your bank account. This is insider stuff, so hurry up and get clicking!http://www.businessinsider.com/c/5166f173ecad047171000023CheetohFingersThu, 11 Apr 2013 13:22:59 -0400http://www.businessinsider.com/c/5166f173ecad047171000023
If we've learned anything here, it's that a lot of people don't know what a ponzi scheme is.http://www.businessinsider.com/c/5166ed196bb3f7186300000djp32Thu, 11 Apr 2013 13:04:25 -0400http://www.businessinsider.com/c/5166ed196bb3f7186300000d
Well, if you have the right walnuts, your are underpricing them by a factor of 100, or did you miss the article about the selected walnuts going for $20K+ in China?http://www.businessinsider.com/c/5166eb5169bedd2924000014RomperThu, 11 Apr 2013 12:56:49 -0400http://www.businessinsider.com/c/5166eb5169bedd2924000014
MtGox should be SUED for wiping out 1 BILLION of people's money. Ponzi scheme is nothing compared to Bitcoin. Even Tulips are material - and Bitcoins do not exist as such. Its the ultimate trickstery.http://www.businessinsider.com/c/5166eb1069beddc121000035FactualThinkingThu, 11 Apr 2013 12:55:44 -0400http://www.businessinsider.com/c/5166eb1069beddc121000035
You can't short BitCoin that I know of, so there is no real incentive to push it down.http://www.businessinsider.com/c/5166e81eecad04b85f000021Uninterested BystanderThu, 11 Apr 2013 12:43:10 -0400http://www.businessinsider.com/c/5166e81eecad04b85f000021
Stopping trading? Isn't that a 'regulation' on the 'free market'. Sounds like authoritarians man, I'm going to read some Ron Paul pamphlets I got in my trunk while FREEDOM fights to break though.http://www.businessinsider.com/c/5166e73269bedd8818000015shameless blameless BIThu, 11 Apr 2013 12:39:14 -0400http://www.businessinsider.com/c/5166e73269bedd8818000015
BI credibility?......what credibility?
A shameless pump by "professionals" Just reporting the "news"....uh huh.http://www.businessinsider.com/c/5166e6776bb3f7cd53000024RomperThu, 11 Apr 2013 12:36:07 -0400http://www.businessinsider.com/c/5166e6776bb3f7cd53000024
Bitstamp halted too. Bitcoin is DEAD.http://www.businessinsider.com/c/5166e67469beddc41b000009SpeculatorThu, 11 Apr 2013 12:36:04 -0400http://www.businessinsider.com/c/5166e67469beddc41b000009
Yeah that whole internet thing never really did pan out :)http://www.businessinsider.com/c/5166e59769beddbd1500000eAdamMKEThu, 11 Apr 2013 12:32:23 -0400http://www.businessinsider.com/c/5166e59769beddbd1500000e
This is like watching the 1998 to 2000 tech boom and bust in the time span of several weeks.http://www.businessinsider.com/c/5166e507eab8ea163500001e10bThu, 11 Apr 2013 12:29:59 -0400http://www.businessinsider.com/c/5166e507eab8ea163500001e
Its a classic pump and dump! With no regulation, all the big BTC Wallets had to do was to box trade between there own accounts at higher and higher prices. Once they had driven up the price and gained significant traction and interest from the plebs on the message boards to buy, dump all their holdings on them.
What I'm curious to know is since Weisenthal and Blodget were continuously pumping BTC with inflammatory articles without any disclosure on holdings of BTC are they complcit in this ruse?http://www.businessinsider.com/c/5166e392ecad04f256000024churaThu, 11 Apr 2013 12:23:46 -0400http://www.businessinsider.com/c/5166e392ecad04f256000024
The "Market cooldown" is a kind of joke from mtgox. Please attach also the text behind the link to the article:
Orders will not be accepted for the moment as we need to upgrade our database to accommodate the trading volume. However, you may still cancel your pending and open orders. Trading will resume at 11.00 am JST. Our apologies for the inconvenience caused and thank you for your patience while we work to resolve this issue.http://www.businessinsider.com/c/5166e2f8ecad04ef5600001cParadiseThu, 11 Apr 2013 12:21:12 -0400http://www.businessinsider.com/c/5166e2f8ecad04ef5600001c
I just bought a deed to Manhattan from The Manahates Indian Real Estate Holdings, LTD. Selling off a few parcels of land at a time.................cheap. You want in on it? Transfer your Bitcoin profits to my anonymous account.
Oh yeah, all parcels come with the right to use Brooklynn Bridge.....................for a small fee, of course.http://www.businessinsider.com/c/5166e2a1ecad042458000007Dean WormerThu, 11 Apr 2013 12:19:45 -0400http://www.businessinsider.com/c/5166e2a1ecad042458000007
Ah the good ol days are back. Reminds me of a 1998 dotcom.http://www.businessinsider.com/c/5166dfadecad04705000003eWill SterlingThu, 11 Apr 2013 12:07:09 -0400http://www.businessinsider.com/c/5166dfadecad04705000003e
Mt. Gox's explanation: "we're victims of our own success" is questionable. The selloff is real. On other sites, bitcoins are now trading at $70 or less. Lot of johnny come latelys need to cut their losses. And those of us that have been in for a long time, are eager to see some profits. Mt. Gox isnt a reliable trading platform. The site was totally accessible throughout this debacle yesterday and they posted no notices that trades were not being executed, cancellation wasn't working, etc. I got out yesterday... Took some nice profits. Will look at bitcoins again when they are back in single digits.http://www.businessinsider.com/c/5166de6cecad04634e00001ditsmeThu, 11 Apr 2013 12:01:48 -0400http://www.businessinsider.com/c/5166de6cecad04634e00001d
What a BS: $266 to $43.39 in a 24H span - only a small 83% drop !!!
Makes NYSE flash crash looks like amateurs comparing to that...
bwaahahahah, people that holded into that crash should email me, I have some nice investing opportunities for them...http://www.businessinsider.com/c/5166ddc3eab8eabf2700001cTrippsThu, 11 Apr 2013 11:58:59 -0400http://www.businessinsider.com/c/5166ddc3eab8eabf2700001c
Guys this is going to 5-20s
Wake up. There is no bids supporting even 70http://www.businessinsider.com/c/5166dbc3eab8ead71f00002ezttThu, 11 Apr 2013 11:50:27 -0400http://www.businessinsider.com/c/5166dbc3eab8ead71f00002e
I have walnuts to trade. They are generated on a regular schedule and must be cracked. I am willing to trade them at $250 each.
You can also use one of the other few dozen trading agencies that have different conversion rates.http://www.businessinsider.com/c/5166dbc269beddd679000022PeteThu, 11 Apr 2013 11:50:26 -0400http://www.businessinsider.com/c/5166dbc269beddd679000022
Childish FAD.http://www.businessinsider.com/c/5166d9d569bedd8579000012DO SOME RESEARCHThu, 11 Apr 2013 11:42:13 -0400http://www.businessinsider.com/c/5166d9d569bedd8579000012
MtGox is not the only exchange for trading bitcoin, just the largest (by quite a margin). BTCe, BitFloor, BitStamp, etc are all still trading, though they will likely deal with similar issues today do to the influx of people moving their bitcoins to these platforms to trade.
But again, DO SOME RESEARCH! Stop scouring reddit and actually learn about what you're reporting on.http://www.businessinsider.com/c/5166d995ecad04d549000002exoidusThu, 11 Apr 2013 11:41:09 -0400http://www.businessinsider.com/c/5166d995ecad04d549000002
Haha, so done this Ponzi schemehttp://www.businessinsider.com/c/5166d94369bedd887900000bDoug in VirginiaThu, 11 Apr 2013 11:39:47 -0400http://www.businessinsider.com/c/5166d94369bedd887900000b
People aren't waiting for it to reopen to sell.
Other exchanges are showing less than $80.
<a href="http://bitcoincharts.com/markets/" target="_blank" rel="nofollow" >http://bitcoincharts.com/markets/</a>http://www.businessinsider.com/c/5166d76469bedd0571000009arm50Thu, 11 Apr 2013 11:31:48 -0400http://www.businessinsider.com/c/5166d76469bedd0571000009
halted on mtgox only